Following a significant wager on Ethereum [ETH] near its peak, FG Nexus is currently losing over $85 million on its Ethereum treasury strategy. In August and September 2025, the company spent about $196 million and acquired 50,770 Ethereum at an average price of $3,860 per token. Ethereum, however, was unable to sustain those levels and saw a massive drop in the months that followed. As a result, in November 2025, FG Nexus started to decrease its exposure and eventually sold 36,025 ETH at an average price of $2,330 per coin.